Shares of O2 Secure Wireless, Inc. (OTOW) are surging in the first 10 minutes of trading after confirming a $50,000,000 financing facility from AGS Capital Group. Over 110 million shares have traded on OTOW stock already making today the highest volume trading session in well over a year. The 52-week high of 0.0052 is likely to remain considering its triple-zero current status, but the 3 month average volume, 3,975, is due for a massive correction.
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OTOW Stock Chart
Market Cap: 369.66K
Last: 0.0005, up 0.0001 (25.00%)
Dollar Volume: $79,438
Average Trade Size: 1,379,816
Issued and Outstanding: 2,265,939,418
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The Reserve Equity Financing is a long term strategic financing partnership that places O2 Secure Wireless in the determining position of how and when equity is raised, minimizing any potential compromise to the Company’s capital structure. O2 Secure Wireless has secured the terms so as to ensure that funds are raised and utilized according to the best interest of the Company and by allowing the Company the full control and discretion to strategically issue stock at a discount to market, at times that the Company considers to be most advantageous for the Company and its loyal Shareholders. Having AGS Capital Group, LLC as a long-term partner creates funding confidence so that the Company can focus on achieving its corporate objectives. Additional details of this financing will be disclosed in a Company’s S-1 filing
About OTOW Stock
O2 Secure Wireless is currently developing numerous wireless tower facilities in the U.S. O2 Secure Wireless is also instrumental in the development of wireless broadband communication services domestically. Under a recent merger with Earthcom Service Inc., the Company is currently being structured to provide affordable flat rate pre-paid wireless services in developing countries internationally, specifically the Dominican Republic.
Bottom Line: OTOW is on fire and probably the highest volume penny stock of the day when the market closes. Anyone who caught the news in pre-market and got in at the low, 0.0003, is buying drinks after the closing bell. With no gap-up at the open, OTOW stock is gonna be a fun watch on Level II today.
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